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Consolidated Statements of Operations - USD ($)
3 Months Ended 9 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2022
Dec. 31, 2021
Revenues.        
Revenues $ 103,322,256 $ 68,599,782 $ 256,114,165 $ 194,637,378
Expenses        
Voyage expenses 424,343 779,746 2,567,506 3,200,751
Charter hire expenses 5,215,144 4,917,012 15,975,622 10,829,050
Vessel operating expenses 17,919,058 18,205,762 52,541,678 56,916,054
Depreciation and amortization 15,959,727 16,859,224 47,706,925 50,771,237
General and administrative expenses 6,947,964 5,867,454 24,537,134 23,257,989
Total expenses 46,466,236 46,629,198 143,328,865 144,975,081
Gain on disposal of vessels       3,466,210
Other income-related parties 638,055 580,388 1,793,595 1,793,663
Operating income 57,494,075 22,550,972 114,578,895 54,922,170
Other income/(expenses)        
Interest and finance costs (8,636,387) (7,412,231) (28,592,104) (18,619,712)
Interest income 1,165,596 53,792 2,341,085 279,195
Unrealized gain/(loss) on derivatives (700,015) 3,056,741 4,847,064 4,205,465
Realized gain/(loss) on derivatives 1,404,004 (895,782) 1,997,815 (2,714,337)
Other gain/(loss), net 536,437 (772,607) 1,250,140 (1,520,993)
Total other income/(expenses), net (6,230,365) (5,970,087) (18,156,000) (18,370,382)
Net income $ 51,263,710 $ 16,580,885 $ 96,422,895 $ 36,551,788
Weighted average shares outstanding Basic (in shares) 40,091,299 39,890,674 40,004,100 40,305,902
Weighted average shares outstanding Diluted (in shares) 40,254,774 40,025,399 40,178,642 40,460,665
Earnings per common share - basic (in dollars per share) $ 1.28 $ 0.42 $ 2.41 $ 0.91
Earnings per common share - diluted (in dollars per share) $ 1.27 $ 0.41 $ 2.40 $ 0.90
Net pool revenues - related party        
Revenues.        
Revenues $ 96,558,251 $ 62,856,243 $ 237,314,421 $ 174,739,894
Time charter revenues        
Revenues.        
Revenues 5,971,056 5,301,134 17,410,513 15,915,876
Other revenue, net        
Revenues.        
Revenues $ 792,949 $ 442,405 $ 1,389,231 $ 3,981,608